Income Statement Meshek Energy - Renewable Energies Ltd.

Stocks

MSKE

IL0011669749

Electric Utilities

Market Closed - TEL AVIV STOCK EXCHANGE 10:26:20 2026-09-09 EDT			5-day change	1st Jan Change
1,045.00 ^ILa	-1.97%		+1.36%	+25.90%

08-26	Meshek Energy - Renewable Energies Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
08-13	Meshek Energy - Renewable Energies Ltd. Announces Cessation of Ronen David Wolfman from Independent Director and Board Committee Memberships, Effective August 13, 2026	CI

9aca4a80227220f369.kc8fJbrTDfWL0I-vvvuI0FkQtC7ipQxv3x_8lfAKs0k.-65QSIKgO5bJnt3J9o76iQ5m3VaO8nYBsUCe84Rb9CTclUxdyKFGmvGV3g

Published financial data: MESHEK ENERGY - RENEWABLE ENERGIES LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Revenues - (Utility Template)	45.47M	67.53M	72.07M	100M	133M
Other Revenues, Total	-	-	7.03M	5.43M	4.53M
Total Revenues	45.47M	67.53M	79.1M	106M	137M
Operations And Maintenance	7.79M	11.11M	13.11M	19.33M	26.44M
Selling General & Admin Expenses, Total	13.72M	10.44M	12.99M	14.38M	16.27M
Depreciation & Amortization - (IS) - (Collected)	25.63M	36.37M	42.92M	57.84M	66.57M
Amortization of Goodwill and Intangible Assets - (IS)	-	1.45M	2.01M	2.02M	2.01M
Other Operating Expenses	20.03M	26.91M	40.5M	33.47M	45.24M
Total Operating Expenses	67.17M	86.28M	112M	127M	157M
Operating Income (REIT / Utility Template)	-21.7M	-18.75M	-32.42M	-21.15M	-19.06M
Interest Expense, Total	-20.86M	-12.56M	-16.1M	-25.82M	-58.21M
Interest and Investment Income	1.61M	1.54M	12.75M	10.38M	20.39M
Net Interest Expenses	-19.24M	-11.02M	-3.35M	-15.45M	-37.83M
Income (Loss) on Equity Invest.	-2.73M	31.02M	42.72M	24.21M	40.34M
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	-1.36M	-19M	-12.72M	-23.92M	-30.96M
EBT, Excl. Unusual Items	-45.03M	-17.75M	-5.77M	-36.31M	-47.5M
Gain (Loss) on Sale of Investments	-	-	-	4.82M	-
EBT, Incl. Unusual Items	-45.03M	-17.75M	-5.77M	-31.49M	-47.5M
Income Tax Expense	-4.07M	-5.7M	-6.76M	-9M	561K
Earnings From Continuing Operations	-40.96M	-12.04M	992K	-22.5M	-48.06M
Net Income to Company	-40.96M	-12.04M	992K	-22.5M	-48.06M
Minority Interest	679K	1.16M	811K	-29.66M	-38.76M
Net Income - (IS)	-40.28M	-10.88M	1.8M	-52.16M	-86.81M
Net Income to Common Incl Extra Items	-40.28M	-10.88M	1.8M	-52.16M	-86.81M
Net Income to Common Excl. Extra Items	-40.28M	-10.88M	1.8M	-52.16M	-86.81M
Per Share Items
Net EPS - Basic	-0.27	-0.03	0	-0.07	-0.12
Basic EPS - Continuing Operations	-0.27	-0.03	0	-0.07	-0.12
Basic Weighted Average Shares Outstanding	147M	413M	636M	711M	711M
Net EPS - Diluted	-0.27	-0.03	0	-0.07	-0.12
Diluted EPS - Continuing Operations	-0.27	-0.03	0	-0.07	-0.12
Diluted Weighted Average Shares Outstanding	147M	413M	636M	711M	711M
Normalized Basic EPS	-0.19	-0.02	-0	-0.07	-0.1
Normalized Diluted EPS	-0.19	-0.02	-0	-0.07	-0.1
Supplemental Items
EBITDA	-738K	14.18M	6.3M	30.72M	39.07M
EBITA	-21.7M	-17.31M	-30.42M	-19.14M	-17.05M
EBIT	-21.7M	-18.75M	-32.42M	-21.15M	-19.06M
Total Revenues (As Reported)	45.47M	67.53M	79.1M	106M	137M
Effective Tax Rate - (Ratio)	9.04	32.14	117.2	28.57	-1.18
Total Current Taxes	-	607K	704K	598K	1.01M
Total Deferred Taxes	-4.07M	-6.31M	-7.46M	-9.6M	-452K
Normalized Net Income	-27.46M	-9.93M	-2.79M	-52.36M	-68.44M
Interest on Long-Term Debt	4.82M	12.54M	11M	18.72M	48.05M
Supplemental Operating Expense Items
General and Administrative Expenses	10.14M	9.47M	10.04M	11.81M	13.94M
Stock-Based Comp., COGS (Total)	294K	608K	686K	348K	296K
Stock-Based Comp., SG&A Exp. (Total)	3.58M	968K	2.95M	2.58M	2.33M
Stock-Based Comp., Other (Total)	-	-	-	1K	-
Total Stock-Based Compensation	3.87M	1.58M	3.63M	2.92M	2.62M

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Assets
Cash And Equivalents	43.46M	43.58M	296M	52.77M	508M
Accounts Receivable, Total	5.39M	10.42M	8.66M	14.94M	23.01M
Other Receivables	3.5M	2.94M	2.82M	1.82M	168K
Accounts Receivable (Summary Subtotal)	8.88M	13.37M	11.49M	16.75M	23.17M
Prepaid Expenses	1.33M	1.85M	2.73M	3.4M	4.13M
Restricted Cash	94.32M	13.4M	13.57M	16.13M	38.78M
Other Current Assets, Total	6.86M	5.08M	7.19M	13.88M	19.59M
Total Current Assets	155M	77.28M	331M	103M	594M
Gross Property Plant And Equipment	825M	995M	1.38B	1.62B	1.86B
Accumulated Depreciation	-126M	-164M	-221M	-282M	-353M
Net Property Plant And Equipment	699M	831M	1.16B	1.34B	1.51B
Other Intangibles, Total	-	18.67M	16.66M	14.64M	12.63M
Long-Term Investments - (Utility Template)	53.27M	1.45B	1.74B	2.44B	2.48B
Deferred Tax Assets Long-Term (Collected)	9.45M	15.24M	22.7M	32.3M	32.75M
Other Long-Term Assets, Total	45.1M	39.31M	46.08M	27.74M	19.63M
Total Assets	962M	2.43B	3.32B	3.96B	4.64B
Liabilities
Accounts Payable, Total	18.02M	8.26M	3.97M	40M	26.56M
Accrued Expenses, Total	5.3M	6.55M	36.29M	36.95M	48.84M
Short-Term Borrowings	20.04M	-	20.95M	-	-
Current Portion of Long-Term Debt	32.35M	32.66M	39.96M	102M	317M
Current Portion of Leases	5.4M	5.31M	7.77M	8.72M	10.09M
Other Current Liabilities - (Bank / Utility Template)	255K	3.23M	48K	810K	777K
Total Current Liabilities	81.35M	56.01M	109M	189M	404M
Long-Term Debt	489M	567M	669M	878M	1.41B
Long-Term Leases	103M	105M	164M	190M	214M
Other Non Current Liabilities, Total	3.12M	-	4.24M	-	-
Total Liabilities	677M	728M	947M	1.26B	2.03B
Additional Paid In Capital	328M	1.79B	2.46B	2.47B	2.47B
Retained Earnings	-76.21M	-87.09M	-85.29M	-137M	-230M
Comprehensive Income and Other	34.14M	-	-	-	-
Total Common Equity	286M	1.7B	2.37B	2.33B	2.24B
Minority Interest	-983K	-2.15M	-2.96M	372M	372M
Total Equity	285M	1.7B	2.37B	2.7B	2.61B
Total Liabilities And Equity	962M	2.43B	3.32B	3.96B	4.64B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	159M	572M	711M	711M	729M
ECS Total Common Shares Outstanding	159M	522M	711M	711M	712M
Book Value / Share	1.79	3.26	3.34	3.28	3.15
Tangible Book Value	286M	1.68B	2.36B	2.31B	2.23B
Tangible Book Value Per Share	1.79	3.22	3.32	3.26	3.13
Total Debt	650M	710M	902M	1.18B	1.96B
Net Debt	607M	666M	606M	1.13B	1.45B
Minority Interest, Total (Incl. Fin. Div)	-983K	-2.15M	-2.96M	372M	372M
Equity Method Investments, Total	49.08M	1.43B	1.74B	2.44B	2.48B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	705M	868M	973M	1.17B	1.38B
Full Time Employees	34	35	45	57	63

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Net Income	-40.28M	-10.88M	1.8M	-52.16M	-86.81M
Depreciation, Depletion & Amortization	25.63M	36.37M	42.92M	57.84M	66.57M
Amortization of Goodwill and Intangible Assets - (CF)	-	1.45M	2.01M	2.02M	2.01M
Total Depreciation, Depletion & Amortization	25.63M	37.82M	44.93M	59.86M	68.58M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-4.82M	-
(Income) Loss On Equity Investments - (CF)	2.73M	-31.02M	-42.72M	-24.21M	-40.34M
Stock-Based Compensation (CF)	3.87M	1.58M	3.63M	2.92M	2.22M
Change in Accounts Receivable	-677K	248K	4.51M	-5.41M	-10.44M
Change in Accounts Payable	5.74M	-2M	-4.56M	14.24M	12.98M
Other Operating Activities	1.58M	57.21M	519K	40.16M	67.02M
Cash from Operations	-1.41M	52.95M	8.11M	30.58M	13.2M
Capital Expenditure	-133M	-162M	-196M	-185M	-184M
Cash Acquisitions	-35.58M	32.53M	981K	-	386K
Investment in Marketable and Equity Securities, Total	-7.66M	-27.48M	8.66M	-648M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	222K	715K	368K	-2.31M
Deferred Charges	-1.74M	-4.6M	-1M	-	-
Other Investing Activities, Total	99.2M	84.82M	-22.02M	-9.8M	-35.84M
Cash from Investing	-78.5M	-76.77M	-209M	-842M	-222M
Short Term Debt Issued, Total	30.52M	-	20.6M	-	-
Long-Term Debt Issued, Total	20M	82.76M	68.6M	292M	1.15B
Total Debt Issued	50.52M	82.76M	89.2M	292M	1.15B
Short Term Debt Repaid, Total	-10.52M	-20.22M	-	-21.4M	-
Long-Term Debt Repaid, Total	-66.71M	-38.54M	-37.72M	-48.83M	-451M
Total Debt Repaid	-77.23M	-58.75M	-37.72M	-70.24M	-451M
Issuance of Common Stock	89.65M	-	405M	-	-
Other Financing Activities, Total	-9.42M	-	-2.9M	347M	-39.25M
Cash from Financing	53.52M	24M	453M	568M	664M
Foreign Exchange Rate Adjustments	-	-60K	134K	-54K	74K
Net Change in Cash	-26.38M	121K	253M	-244M	455M
Supplemental Items
Cash Interest Paid	14.27M	16.19M	21.92M	33.87M	50.94M
Cash Income Tax Paid (Refund)	-	100K	365K	81K	1.86M
Net Debt Issued / Repaid	-26.71M	24M	51.48M	222M	703M
Levered Free Cash Flow	27.91M	-70.28M	-157M	-129M	-198M
Unlevered Free Cash Flow	40.95M	-62.43M	-147M	-113M	-162M
Change In Net Working Capital	-158M	-72.17M	-20.99M	-22.28M	37.1M

Fiscal Period: December	2021 (ILS)	2022 (ILS)	2023 (ILS)	2024 (ILS)	2025 (ILS)
Profitability
Return on Assets	-1.81	-0.69	-0.71	-0.36	-0.28
Return on Total Capital	-1.85	-0.7	-0.71	-0.37	-0.28
Return On Equity %	-16.18	-1.21	0.05	-0.89	-1.81
Return on Common Equity	-15.88	-1.1	0.09	-2.22	-3.8
Margin Analysis
Gross Profit Margin %	54.41	57.26	43.12	61.37	57.34
SG&A Margin	45.76	29.03	27.31	24.82	21.32
EBITDA Margin %	-1.62	21.01	7.96	29.02	28.42
EBITA Margin %	-47.72	-25.63	-38.45	-18.07	-12.4
EBIT Margin %	-47.72	-27.77	-40.99	-19.98	-13.86
Income From Continuing Operations Margin %	-90.08	-17.83	1.25	-21.25	-34.96
Net Income Margin %	-88.59	-16.11	2.28	-49.26	-63.15
Net Avail. For Common Margin %	-88.59	-16.11	2.28	-49.26	-63.15
Normalized Net Income Margin	-60.4	-14.7	-3.53	-49.44	-49.78
Levered Free Cash Flow Margin	61.39	-104.08	-198.22	-122.07	-144.02
Unlevered Free Cash Flow Margin	90.06	-92.45	-185.51	-106.83	-117.56
Asset Turnover
Asset Turnover	0.06	0.04	0.03	0.03	0.03
Fixed Assets Turnover	0.1	0.09	0.08	0.08	0.1
Receivables Turnover (Average Receivables)	13.25	8.54	7.55	8.51	7.01
Short Term Liquidity
Current Ratio	1.9	1.38	3.04	0.55	1.47
Quick Ratio	0.64	1.02	2.83	0.37	1.32
Operating Cash Flow to Current Liabilities	-0.02	0.95	0.07	0.16	0.03
Days Sales Outstanding (Average Receivables)	27.55	42.73	48.33	42.99	52.08
Average Days Payable Outstanding	165.92	148.11	49.6	196.7	207.15
Long Term Solvency
Total Debt/Equity	228.17	41.8	38.06	43.68	74.84
Total Debt / Total Capital	69.53	29.48	27.57	30.4	42.8
LT Debt/Equity	207.89	39.57	35.17	39.57	62.31
Long-Term Debt / Total Capital	63.35	27.9	25.47	27.54	35.64
Total Liabilities / Total Assets	70.37	30	28.54	31.77	43.74
EBIT / Interest Expense	-1.04	-1.49	-2.01	-0.82	-0.33
EBITDA / Interest Expense	0.19	1.52	0.78	1.5	0.85
(EBITDA - Capex) / Interest Expense	-6.17	-11.4	-11.4	-5.66	-2.31
Total Debt / EBITDA	165.38	37.24	72.15	30.48	39.48
Net Debt / EBITDA	154.32	34.95	48.45	29.11	29.22
Total Debt / (EBITDA - Capex)	-5.05	-4.96	-4.92	-8.06	-14.56
Net Debt / (EBITDA - Capex)	-4.71	-4.65	-3.3	-7.7	-10.78
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	353.08	48.51	17.14	33.87	29.83
Gross Profit, 1 Yr. Growth %	1.23K	56.3	-11.79	90.51	21.31
EBITDA, 1 Yr. Growth %	-90.51	1.93K	-55.61	387.93	38.06
EBITA, 1 Yr. Growth %	85.56	-20.24	75.77	-37.09	-10.93
EBIT, 1 Yr. Growth %	85.56	-13.57	72.91	-34.76	-9.91
Earnings From Cont. Operations, 1 Yr. Growth %	274.34	-70.6	-108.24	-2.37K	113.62
Net Income, 1 Yr. Growth %	268.13	-72.99	-116.57	-2.99K	66.44
Diluted EPS Before Extra, 1 Yr. Growth %	151.9	-90.4	-110.74	-2.69K	66.4
Normalized Net Income, 1 Yr. Growth %	195.67	-63.85	-71.87	1.77K	30.72
Net Property, Plant and Equip., 1 Yr. Growth %	288.94	18.89	39.8	15.44	12.5
Accounts Receivable, 1 Yr. Growth %	265.04	93.43	-16.86	72.37	54.03
Total Assets, 1 Yr. Growth %	78.03	152.33	36.71	19.3	17.33
Tangible Book Value, 1 Yr. Growth %	29.16	488.34	40.12	-1.85	-3.68
Cash From Operations, 1 Yr. Growth %	-87.3	-3.87K	-84.68	277.01	-56.83
Capital Expenditures, 1 Yr. Growth %	295.51	22.27	20.8	-5.65	-0.63
Levered Free Cash Flow, 1 Yr. Growth %	-110.09	-310.2	123.11	-17.56	53.17
Unlevered Free Cash Flow, 1 Yr. Growth %	-114.92	-252.45	135.05	-22.91	42.86
Common Equity, 1 Yr. Growth %	29.16	494.86	39.57	-1.92	-3.75
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	130.48	159.4	31.9	25.22	31.83
Gross Profit, 2 Yr. CAGR %	197.99	355.22	17.42	29.64	52.03
EBITDA, 2 Yr. CAGR %	-8.89	35.03	26.57	26.95	76.74
EBITA, 2 Yr. CAGR %	105.78	21.66	18.4	1.02	-27.49
EBIT, 2 Yr. CAGR %	105.78	26.64	22.25	6.21	-23.34
Earnings From Cont. Operations, 2 Yr. CAGR %	92.31	4.91	-84.44	36.68	596.02
Net Income, 2 Yr. CAGR %	90.71	-0.28	-78.84	118.95	593.9
Diluted EPS Before Extra, 2 Yr. CAGR %	5.65	-50.82	-89.85	66.83	556.62
Normalized Net Income, 2 Yr. CAGR %	99.19	3.39	-68.11	129.63	394.99
Net Property, Plant and Equip., 2 Yr. CAGR %	125.84	115.04	28.92	27.04	13.96
Accounts Receivable, 2 Yr. CAGR %	161.49	165.72	26.81	19.71	62.94
Total Assets, 2 Yr. CAGR %	139.23	111.94	85.73	27.71	18.31
Common Equity, 2 Yr. CAGR %	273.85	177.18	188.14	17	-2.84
Tangible Book Value, 2 Yr. CAGR %	273.85	175.66	187.12	17.27	-2.77
Cash From Operations, 2 Yr. CAGR %	-56.09	118.73	140.2	-24	27.58
Capital Expenditures, 2 Yr. CAGR %	93.28	119.91	21.53	6.76	-3.17
Levered Free Cash Flow, 2 Yr. CAGR %	-12.44	-49.59	116.56	35.62	12.37
Unlevered Free Cash Flow, 2 Yr. CAGR %	11.19	-52.3	89.3	34.61	4.94
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	99.07	99.01	32.55	26.74
Gross Profit, 3 Yr. CAGR %	101.1	140.32	163.42	37.98	26.8
EBITDA, 3 Yr. CAGR %	-50.91	151.75	-6.81	98.46	27.01
EBITA, 3 Yr. CAGR %	51.39	50.04	37.53	-4.1	-3.13
EBIT, 3 Yr. CAGR %	51.39	54.1	40.49	-0.84	0.54
Earnings From Cont. Operations, 3 Yr. CAGR %	71.75	2.83	-55.08	-18.11	58.61
Net Income, 3 Yr. CAGR %	70.79	-0.59	-45.18	9	99.83
Diluted EPS Before Extra, 3 Yr. CAGR %	0.64	-52.5	-70.38	-35.59	66.69
Normalized Net Income, 3 Yr. CAGR %	75.82	12.78	-33	23.99	90.31
Net Property, Plant and Equip., 3 Yr. CAGR %	93.98	82.35	86.29	24.26	21.99
Accounts Receivable, 3 Yr. CAGR %	-	136.49	80.4	40.48	30.21
Total Assets, 3 Yr. CAGR %	102.8	143.52	83.13	60.25	24.15
Common Equity, 3 Yr. CAGR %	168.41	336.45	120.51	101.18	9.63
Tangible Book Value, 3 Yr. CAGR %	168.41	334.85	120	100.76	9.83
Cash From Operations, 3 Yr. CAGR %	-38.17	93.65	-9.84	179.15	-37.06
Capital Expenditures, 3 Yr. CAGR %	24.58	65.92	80.1	11.7	4.24
Levered Free Cash Flow, 3 Yr. CAGR %	-	24.51	-17.23	56.95	41.23
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	23.52	-18.83	40.31	37.31
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	65.38	68.78
Gross Profit, 5 Yr. CAGR %	-	78.92	62.16	87.74	111.43
EBITDA, 5 Yr. CAGR %	-	-	0.19	103.1	38.09
EBITA, 5 Yr. CAGR %	-	31.51	37.22	30.15	7.83
EBIT, 5 Yr. CAGR %	-	33.64	38.98	32.79	10.26
Earnings From Cont. Operations, 5 Yr. CAGR %	-	15.61	-34.27	15.23	34.44
Net Income, 5 Yr. CAGR %	-	13.29	-25.93	36.33	51.32
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-32.93	-59.79	-21.49	2.29
Normalized Net Income, 5 Yr. CAGR %	-	22.2	-11.18	49.88	49.1
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	64.74	57.81	53.04
Accounts Receivable, 5 Yr. CAGR %	-	-	-	80.11	73.2
Total Assets, 5 Yr. CAGR %	-	-	95.79	88.11	53.77
Common Equity, 5 Yr. CAGR %	-	-	176.13	157.77	58.88
Tangible Book Value, 5 Yr. CAGR %	-	-	175.74	157.44	58.7
Cash From Operations, 5 Yr. CAGR %	-	72.87	6.41	33.21	3.59
Capital Expenditures, 5 Yr. CAGR %	-	540.96	23.35	39.09	40.51
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	28.84	-6.46
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	27.84	-10.05